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Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [ 1 ]
Continue reading ->The post Real Estate Brokers vs. Agents: Which Should You Use? appeared first on SmartAsset Blog. Buying or selling a home is a major financial step. Whether you’re about to ...
A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent.
An example would be a real estate broker who facilitates the sale of a property. [1] Brokers can furnish market research and market data. Brokers may represent either the seller or the buyer but generally not both at the same time. Brokers are expected to have the tools and resources to reach the largest possible base of buyers and sellers.
Beyond legal requirements, if the agent is a designated Realtor (meaning they’re a member of the National Association of Realtors), they are required to abide by NAR’s code of ethics.
Key takeaways. A broker price opinion, or BPO, is an estimate of a property’s value conducted by a real estate broker, agent or qualified realty firm.
An estate agent is roughly synonymous with the United States term real estate broker. Estate agents need to be familiar with their local area, including factors that could increase or decrease property prices. e.g. if a new road or airport is to be built this can blight houses nearby.
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
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